Many years still on paper
According to the plan, in the 2016-2020 period, Hanoi will build 75 new parking lot projects, with a total investment of over 14,200 billion VND.
Regarding underground parking lots, in addition to the 7 projects that have been approved and approved for investment, the city will build 4 new projects, bringing the total number of underground parking lots in this phase to 11.
The underground parking project on Nguyen Hong Street was surrounded by corrugated iron by the investor in 2017, but until now, it has not been turned into a temporary parking lot.
However, according to the investigation of Giao Thong Newspaper reporters, no underground parking lots have been built yet. The reason is due to problems with procedures and investment and capital recovery mechanisms.
On the morning of July 19, present at the automatic parking project (H1-3) in the area of Nguyen Hong canal culvert (in Lang Ha ward, Dong Da district and Thanh Cong ward, Ba Dinh district), the reporter witnessed the land still quiet. Instead, a spontaneous parking lot has sprung up.
This parking lot was licensed for planning in 2017, designed to accommodate about 200 cars. In addition, there is a motorbike parking lot, maintenance area, and landscaped flower garden.
Not far away, the project to build an underground parking lot combined with commercial services in Thu Le Park (Ngoc Khanh Ward, Ba Dinh District) has yet to start construction.
The project was approved for investment by Hanoi City in May 2019, with a total cost of over VND 1,700 billion. The operation period is 50 years, expected to be completed in the fourth quarter of 2020.
Meanwhile, the underground parking lot in Thong Nhat Park (Hai Ba Trung District) was handed over from the previous hotel construction project to be used as an underground parking lot. However, after nearly 20 years of implementation, the underground parking lot in Thong Nhat Park (Hai Ba Trung District) is still an abandoned lot surrounded by corrugated iron.
According to the design, the parking project is expected to have 3 underground parking floors, each floor is over 5,600m2, enough to accommodate 390 car spaces.
Need a mechanism to attract business investment
Dr. Nguyen Huu Duc, a traffic expert, said: "It is not satisfactory to say that procedural problems lead to a prolonged implementation period. The core issue is that the city has not had clear instructions in implementation, leading to subordinates avoiding it.
With the current development speed, after only 2-3 years, the initial conditions will change, adjustments will have to be made, and permission will have to be sought again, which will become a vicious cycle and could last for 5-7 years."
The investor fenced off the area and put up a notice board but has not yet started construction.
According to architect Tran Huy Anh, Hanoi Architects Association, due to the lack of feasibility and attractiveness in terms of mechanism and financial goals, a series of parking lot planning locations have been "suspended" indefinitely. The investment capital is large, the capital recovery period takes up to 30-40 years, so the projects have been turned away by investors from the beginning.
The main difficulty is related to the investment value for parking lots which requires a huge amount of capital, businesses must have financial resources, vision and the ability to accumulate capital. To invest in smart parking lots, there must also be preferential policies for businesses.
"Some businesses have accepted the transfer, but the legal procedures have not been completed, making it difficult to invest in parking lots.
Some planning points are located far from residential areas, leading to investors not seeing profits or poor profits, so they are not interested," Architect Anh expressed.
A large business operating in the area of car parking said: "Investing in underground parking lots costs up to hundreds of billions of dong, but it takes up to 50 years to recover the capital.
Meanwhile, without more commercial activities, preferential mechanisms, loan incentives... how would we dare to do it?"
Mr. Tran Huu Bao, Deputy Director of Hanoi Department of Transport, informed that Hanoi People's Committee is requesting departments and branches to review all underground parking lots in the planning to come up with solutions to attract private investment.
"In the fourth quarter of 2024, Hanoi will have a large-scale meeting to resolve the investment in underground parking lots," said Mr. Bao.
Hanoi People's Committee currently has preferential policies to support private investment in underground parking lots such as: 100% land tax support for 10 years, 100% import tax support for imported equipment and technology lines.
Borrowing capital from the city development fund with preferential interest rates, maximum interest support of 50% for projects borrowing from credit institutions. Socialized underground and above-ground parking projects can use 20-30% of the floor area to build other services.
Source: https://www.baogiaothong.vn/ha-noi-bai-xe-ngam-dap-chieu-nhieu-nam-go-cach-nao-192240723090057584.htm
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